A valid agency requires a(n):
Question & Answer
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written agreement.
A written agreement is incorrect because while it's common practice, it's not legally required to create a valid agency relationship. Agency can be established orally or through conduct.
express agreement.
attorney-in-fact.
An attorney-in-fact is incorrect because this refers to someone appointed through a power of attorney document to act on behalf of another, which is unrelated to creating a real estate agency relationship.
None of the above.
None of the above is incorrect because express agreement (option B) does create a valid agency relationship, making this option factually wrong.
Why is this correct?
Express agreement is correct because agency relationships require mutual consent, which can be established through oral or written communication. This satisfies the fundamental requirement of agency without necessitating a written document.
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